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Showing 5661 - 5670 of 17959 results for "Bank"

State Street global chief to retire

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
... took the reins at State Street's global investment servicing business, and played a key role in the acquisitions of Deutsche Bank's Global Securities Services subsidiary and Investors Financial Services Corporation. Hooley said: "Our most significant ...

Former BBY adviser cops 10-year ban

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2017
... signatures of clients on documents relating to financial product applications and a series of internal documents to meet the bank's internal audit requirements. Separately, ASIC slapped an interim freezing order on a financial services company for operating ...

China poised for asset management boom

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2017
... China's population - characterised by high household disposable income, improved financial literacy and an attractiveness to bank deposits and property - is also driving demand, the report noted. Foreign firms will capture only 6% of the Chinese market ...

ANZ hires Silicon Valley consultant for innovation

JAMIE WILLIAMSON  |  WEDNESDAY, 8 NOV 2017
... accelerate ANZ's efforts to make customers' lives simpler and find new, innovative opportunities to build a world-class digital bank, ANZ group executive, digital banking Maile Carnegie said. "We're confident this focus will open new markets for ANZ ...

Wealth, insurance arms hit banks' earnings

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
... the major banks earned a total of $31.5 billion in cash profit, up 6.4% on the prior year. The introduction of the major bank levy is expected to flow through in subsequent reporting periods. The number of full-time employees across the majors decreased ...

Banking body appoints chief executive

JAMIE WILLIAMSON  |  TUESDAY, 7 NOV 2017
The Customer Owned Banking Association named a former AMP Bank managing director as its new chief executive. Bringing more than 30 years' experience in financial services, Michael Lawrence will lead COBA from December 4, 2017. Lawrence led AMP Bank ...

Former Lehman Brothers chief unveils new asset manager

ALEX BURKE  |  TUESDAY, 7 NOV 2017
The creation of a new US asset manager represents former Lehman Brothers chief executive Dick Fuld's most public Wall Street comeback since Lehman's collapse in 2008. Targeting high net worth individuals, family offices and institutions, Matrix Private ...

Mason Stevens expands fixed income, appoints SMA manager

MICHELLE BALTAZAR  |  TUESDAY, 7 NOV 2017
... business. A Chartered Financial Analyst with a background in actuarial studies, he has also held various roles with Commonwealth Bank and Ecinya Investment Consultants. The appointments are hot on the back of the group's launch of its retail super offering ...

CommInsure awards $300m risk premia mandate

ALEX BURKE  |  TUESDAY, 7 NOV 2017
... the value, momentum and carry styles. It targets a return of at least 7% per annum in excess of the Australian three-month Bank Bill Rate (ADBB3M Curncy) over rolling five-year periods. "We see continued strong interest in our product offering managed ...

Oil's gift to central bankers

BENJAMIN ONG  |  TUESDAY, 7 NOV 2017
Only one word comes to mind when the Kingdom of Saudi Arabia is mentioned, and that is oil - for it has plenty of it. According to Investopedia, "The Kingdom of Saudi Arabia is often cited as the world's largest oil producer. The country produces 13.24% ...